Subj : Wikimedia profit, assets, and executive wages explode in 2023
To   : All
From : LundukeJournal
Date : Wed Nov 29 2023 21:15:05

Wikimedia profit, assets, and executive wages explode in 2023

Date:
Wed, 29 Nov 2023 21:12:07 GMT

Description:
(And yet Wikipedia claims to desperately need your donations.)

FULL STORY
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The Wikimedia Foundation (the organization which runs and controls Wikipedia) 
has just published their annual financial report for the current year -- and 
they made a mountain of money. 

Revenue is up. Total assets are up. Everything, with Wikimedia, is up. Way, 
way up. 

Including salaries for their executives. In an extreme way. 

At this point, they are Scrooge McDuck swimming through the money in their 
vault. 

Yet, if you go to Wikipedia.org right now , you will be told -- with a great 
deal of urgency and alarm -- that "it will soon be too late to help us" and 
that they desperately need you to "please give". This is one of the least 
dire-sounding plea for donations in quite some time. 

Let's take a quick tour of Wikimedia's current financials to see exactly how 
rich they are... and how they truly are using those donations. (And exactly 
how rich their executives are growing.) 

See also: " The Wiki Piggy Bank -- Wikimedia grows rich as Wikipedia 
donations are used for political causes " The Money Vault 

So, how much money does Wikimedia have, on hand, as of the current filings in 
2023? A lot. A whole heck of a lot. Over a quarter of a Billion dollars. 

And that's just at first glance. 

The deeper you dig, the more money you find. Read the full article at 
Locals.com



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Link to news story:
https://lunduke.substack.com/p/wikimedia-profit-assets-and-executive


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